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Countrywide Establishes Area Presence With 52,000 SF in Leases

DANVERS, MA-The company, which provides residential financing, is entering the Greater Boston area in a big way by leasing 51,694 sf of office space throughout the area. Previously, Countrywide Home Loans occupied 12,000 sf of office space in the state and has now completed new leases in six buildings.

By Naomi Grossman | Updated on April 09, 2004

DANVERS, MA- Countrywide Home Loans, Inc. is making its presence felt in the Greater Boston area by leasing 51,694 sf of office space. Previously the company, which provides residential financing, occupied 12,000 sf of office space in the state and has now completed new leases in six buildings located throughout Massachusetts.Most recently, the company leased 10,000 sf at 99 Rosewood in Danvers. Prior to this deal, Countrywide signed two leases for 6,158 sf at 1 West Boylston St. in Worcester and for 2,961 sf at 990 Washington St. in Dedham. In Waltham, the firm took 9,950 sf at 300 Fifth Ave. and a 4,310 sf lease at 75 Third Ave. The company is also leasing 18,315 sf at 202 Newbury St. Meredith & Grew represented Countrywide in these transactions.According to Countrywide, the deals represent a 416% increase in its office space holdings since the end of 2002. The firm says the increased occupancy ties in closely with its overall mission. “The brick and mortar locations are tangible evidence of Countrywide’s long-time commitment to a decentralized decision-making model–national power with local control. We are committed to continued growth here in Massachusetts and throughout New England,” says Brian Koss, Countrywide’s regional vice president.John A. Carroll, III, a vice president at Meredith & Grew, notes that Countrywide was able to capitalize on favorable rental rates in its bid to increase its market coverage.

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